Russia freezes Su-30 fighter jet deliveries to Algeria

Russia has postponed deliveries of Su-30MKI fighter jets to Algeria over non-payment, following the North African country’s decision to return 15 MiG-29 fighters, a business daily said on Friday.

According to Kommersant, Algeria failed to transfer payment for 28 aircraft in early February. It froze all payments under military contracts with Russia in October 2007, requiring that Moscow first take back 15 MiG-29 fighter jets over their “inferior quality.” Irkut Corporation, one of Russia’s largest aerospace holding companies, which manufactures Su-30MKs, said it had delivered six aircraft to Algeria so far but would suspend further deliveries.

Russia’s industry agency previously said that the termination of the contract to deliver MiG-29s would not affect other contracts under a Russian-Algerian cooperation deal. Russian arms export monopoly Rosoboronexport had signed a contract to deliver 29 one-seat MiG-29SMT Fulcrum fighters and six two-seat MiG-29UB fighters to Algeria in March 2006 as part of an $8 billion military-technical cooperation agreement.

Algeria began refusing deliveries in May 2007. Analysts suggest Algeria may have opted instead for French Rafale fighters as France builds up its presence in the North African state. (rian.ru)

Related articles

The National Bank of Hungary (MNB) said yesterday in a preliminary release of the main forecasts from its quarterly "Inflation Report", due tomorow, that economic growth could reach 4.7% in 2018, higher than the 4.4% growth it forecast earlier.

Retail sales in Hungary rose 6.4% year-on-year in October, the Central Statistical Office (KSH) said in a second reading of data released on Tuesday. The KSH lowered the rate from the 6.6% figure published in a preliminary reading on December 5.

The Hungarian Snooker Gala series of exhibition events continues with its fourth edition on January 26, this time featuring no less than four professional snooker players meeting across the green baize, including fan favorite Judd Trump, ex-world champ Stuart Bingham, and rising stars Luca Brecel and Jack Lisowski.

E-commerce companies in Hungary realize 35-37% of their yearly turnover around Christmas time, with significant activities continuing after the holidays, when the period of returning and swapping products begins, according to a press release from Deloitte.

Following a special meeting to decide on a new name reflecting its automotive profile and that it belonging to the Wallis Group, Altera Nyrt., the seventh largest firm on the Budapest Stock Exchange (BÉT), will be known from now on as AutoWallis Nyrt., according to a press release sent to the Budapest Business Journal.

Despite falling 0.7 of a percentage point from the preceding month, Hungaryʼs annual inflation rate reached 3.2% in November, the joint-highest in the European Union, alongside Estonia and Romania, according to data from the European Commissionʼs official statistical agency Eurostat.

Hungaryʼs police must rein in unnecessary and excessive force, including the use of tear gas, against peaceful protesters, Amnesty International said Monday, while also criticizing the physical ejection of two MPs from the state TV building, according to a press release sent to the Budapest Business Journal.

Hungarian startup CollMot Entertainment, mentored by Budapest-based Design Terminal, organized a Christmas drone display over the gardens of Buckingham Palace in London, according to a press release sent to the Budapest Business Journal.